DURHAM, N.C. (WTVD) -- Durham City Council voted Monday to approve a $44 million bond for a new mixed-use development in the Hayti district.

The revitalization project will bring more than 250 affordable housing units to the historic neighborhood, part of an effort to restore Durham's historic "Black Wall Street".

Gail Jones has lived in Hayti across from the proposed development since the early 1990s and says she's optimistic about the project.

"I'm excited about the change that is coming to our neighborhood," she said. "Hayti should be remembered because of its historic value, for Black Wall Street ."

The project, also known as Fayette Place, will bring mixed-income, affordable housing and retail space to 20 acres along Merrick Street.

The Durham Housing Authority praised the

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